BUS 421 - Corporate Governance

The market for corporate control is the market in which alternative management teams compete to control corporate resources. This course will examine the forces which can potentially explain corporate phenomena that affect corporate resources under the command of a management team, like takeovers, leveraged buyouts, stock buybacks, leveraged acquisitions, divisional sales, etc. This course will also examine internal and external control mechanisms, as well as any interactions between them, which serve to discipline management and align management goals with shareholder wealth maximization.